:::the future lies in the past :::
- Thread starter prashant_trader
- Start date
Hi guys!
That's the power of brain storming!
Thru your comments we come across following words
REVERSAL AND SYMMETRY, with which we can associate.
Thanks Mangup and Justy for posting your views.
Mangup you are the winner of the promised book as you were
closest.Please wait for my PM to get activated
::::EXPLANATION OF CONCEPT 1- BUTTERFLIES IN THE MARKET ::::::::
The butterflies were drawn to show that in a market there would
be a STRUCTURE, there would be a SYMMETRY.
I will take example of the triangle JKL.
The concept is simple, it is "IF A MARKET TAKES 33 TRADING DAYS TO TRAVEL SWING JK AND 8 TRADING DAYS TO TRAVEL COUNTER SWING KL, YOU CAN EXPECT A PIVOT AT ( 33+8=41 TRADING DAYS) FROM THE PIVOT L (with the exception of +-1or 2 trading days)"
Swing JK was for 33 trading days
Counterswing KL was for 8 trading days.
Triangle JKL consisting of swing and counterswing consist of 41 Trading days
Expect another pivot at 41 days from the pivot L, it could be late or early
by 1 or 2 trading days.
The butterflies were drawn to show SYMMETRY in the market.
IN REAL LIFE YOU DONT HAVE TO DO THIS, check the posted chart.
In the chart of SBI you will see no. of examples
I have taken the swing and counterswing togather, measured
it and drawn that much distance from the end of counterswing point.
Simple isn't!
CAUTION:::
1. THIS IS NOT A HOLY GRAIL.
While there are working examples, in the same chart I have also
posted a failed trade, to avoid this, please take trades only
when the Minor channel breaks, that would be the confirmation.
2. In the world of TIMING the market, patience is very necessary.
Now you know the concept, you would be aware of the date of
reversal. Dont jump the gun, let the market show were it is
going, once you get the confirmation, take the trade.
3. Please dont take the trade on the date of reversal even if you
are aware of it, because market does not break the minor channel
on the date of reversal.
4. Please be prepared two trading days prior to upcoming reversal
date and start watching the chart, have fun, be amused when it
is moving upwards, because you know you are gonna short it and
people are buying at top or vice versa.
5. Always test the concept in your choice of stock and market,
if it is working in the past, it will work for you.
6. Try to integrate the concept with something else for example
a RSI or STOCHASTICS to also have the view from indicator.
This increases the chances of successful trade.
7. PLEASE NEVER PUT YOUR MONEY BASED ON ONE SINGLE METHOD, IT'S
WHEN MORE THAN TWO METHODS POINT ABOUT UPCOMING PIVOT ON THE
SAME DATE, THAT IS THE TRADE TO TAKE.
I hope I justified the name of the thread THE FUTURE LIES IN THE PAST
In the next post we will see applications of Gann Emblem.
That's the power of brain storming!
Thru your comments we come across following words
REVERSAL AND SYMMETRY, with which we can associate.
Thanks Mangup and Justy for posting your views.
Mangup you are the winner of the promised book as you were
closest.Please wait for my PM to get activated
::::EXPLANATION OF CONCEPT 1- BUTTERFLIES IN THE MARKET ::::::::
The butterflies were drawn to show that in a market there would
be a STRUCTURE, there would be a SYMMETRY.
I will take example of the triangle JKL.
The concept is simple, it is "IF A MARKET TAKES 33 TRADING DAYS TO TRAVEL SWING JK AND 8 TRADING DAYS TO TRAVEL COUNTER SWING KL, YOU CAN EXPECT A PIVOT AT ( 33+8=41 TRADING DAYS) FROM THE PIVOT L (with the exception of +-1or 2 trading days)"
Swing JK was for 33 trading days
Counterswing KL was for 8 trading days.
Triangle JKL consisting of swing and counterswing consist of 41 Trading days
Expect another pivot at 41 days from the pivot L, it could be late or early
by 1 or 2 trading days.
The butterflies were drawn to show SYMMETRY in the market.
IN REAL LIFE YOU DONT HAVE TO DO THIS, check the posted chart.
In the chart of SBI you will see no. of examples
I have taken the swing and counterswing togather, measured
it and drawn that much distance from the end of counterswing point.
Simple isn't!
CAUTION:::
1. THIS IS NOT A HOLY GRAIL.
While there are working examples, in the same chart I have also
posted a failed trade, to avoid this, please take trades only
when the Minor channel breaks, that would be the confirmation.
2. In the world of TIMING the market, patience is very necessary.
Now you know the concept, you would be aware of the date of
reversal. Dont jump the gun, let the market show were it is
going, once you get the confirmation, take the trade.
3. Please dont take the trade on the date of reversal even if you
are aware of it, because market does not break the minor channel
on the date of reversal.
4. Please be prepared two trading days prior to upcoming reversal
date and start watching the chart, have fun, be amused when it
is moving upwards, because you know you are gonna short it and
people are buying at top or vice versa.
5. Always test the concept in your choice of stock and market,
if it is working in the past, it will work for you.
6. Try to integrate the concept with something else for example
a RSI or STOCHASTICS to also have the view from indicator.
This increases the chances of successful trade.
7. PLEASE NEVER PUT YOUR MONEY BASED ON ONE SINGLE METHOD, IT'S
WHEN MORE THAN TWO METHODS POINT ABOUT UPCOMING PIVOT ON THE
SAME DATE, THAT IS THE TRADE TO TAKE.
I hope I justified the name of the thread THE FUTURE LIES IN THE PAST
In the next post we will see applications of Gann Emblem.
::::: CONCEPT 2- APPLICATIONS OF GANN EMBLEM- THE SQUARE ::::::
well I hope you have enjoyed the previous postings as much as I enjoyed posting them.
I hope I was able to generate some awareness that.
1. Markets are symmetrical in nature.
2. There is a structure in the market.
3. That markets are not random in nature.
Presented below is a question which will certainly require the use of grey matter at its optimum.
Ques1- post18 01/20/2013.
Why there are channels in the market? Often market moves within a channel why it happens.
People who use Median Line Techniques certainly agree with me that many a times market operates within a channel. If you agree that Markets operate within a channel, than markets can not be described as random in nature.Because collective force of millions of people were somebody is buying or selling at his own free will,will not generate a symmetry.
Think about it!
Would be very happy if somebody answers it, does not matter it is right or wrong.
Please don't answer, it happens because there is a structure and symmetry in the market.
That point is already made.
The question is why it is happening? What is the cause of it?
Answer to this will come quite late in this thread.
SOMETHING ABOUT GANN EMBLEM :::
Gann Emblem is a simple Geometrical figure consist of a CIRCLE, AN EQUILATERAL TRIANGLE, and A SQUARE.
(Those of you who don't know it please google it.)
This post is about his famous SQUARE.
I am not talking about his Square of Nine or Square of 144.
Here I am talking about the square, as simple as it could be.
Square as in geometry.
Remember it is a thread about geometrical applications.
It you see the Gann emblem we will see it talks about following degrees
60 deg, 90 deg, 120 deg, 360 deg.
Anybody who has even a vague idea about Astrology, will agree with me
that these are important angles in Astrology. However Gann was from
US, forget about his time, even today if you declare that market has got
some connection with the planets, people will ridicule you. We have some
fine examples here as well in this forum.
So Gann was spreading the message that Astrology works!
His 5 year, 10 year, 20 year, 60 year cycles were nothing but planetary cycles,
but he could not say that open.
He was also spreading the messege that GEOMETRY ALSO WORKS!
Remember Gann was a mason of highest order, and geometry was in the veins.
Posted below two charts from Nifty and Allahabad bank.
CAN THESE SQUARES COULD BE USED IN ANYWAY WITH REGARDS TO FINDING FUTURE PIVOTS.
Please watch it, observe it, stare it, spend some time on it.
rest of the information will be shared in the next posting.
Why not now!
Remember the left brain right brain situation.
The butterflies were made so that you can see the symmetry and the correlation.
That leftest most point was correlated with the rightest most point.
REQUEST::
You are requested to post your findings/observation,
does not matter even if it is wrong, all of us are
in same boat. The person whose answer is closest
to the solution will get a nice book from me once
my PM is activated. When I say nice, I mean a real
gem, something to collect and cherish and keep in
library.
Please also post the names of the stock of your choice so that I can
show examples from them in future. Only requirement is should have good volume
so that it cant be influenced by one individual's trade and should have lot
of swings, lot of tops and bottoms. Remember this thread is all about
finding future pivots.
well I hope you have enjoyed the previous postings as much as I enjoyed posting them.
I hope I was able to generate some awareness that.
1. Markets are symmetrical in nature.
2. There is a structure in the market.
3. That markets are not random in nature.
Presented below is a question which will certainly require the use of grey matter at its optimum.
Ques1- post18 01/20/2013.
Why there are channels in the market? Often market moves within a channel why it happens.
People who use Median Line Techniques certainly agree with me that many a times market operates within a channel. If you agree that Markets operate within a channel, than markets can not be described as random in nature.Because collective force of millions of people were somebody is buying or selling at his own free will,will not generate a symmetry.
Think about it!
Would be very happy if somebody answers it, does not matter it is right or wrong.
Please don't answer, it happens because there is a structure and symmetry in the market.
That point is already made.
The question is why it is happening? What is the cause of it?
Answer to this will come quite late in this thread.
SOMETHING ABOUT GANN EMBLEM :::
Gann Emblem is a simple Geometrical figure consist of a CIRCLE, AN EQUILATERAL TRIANGLE, and A SQUARE.
(Those of you who don't know it please google it.)
This post is about his famous SQUARE.
I am not talking about his Square of Nine or Square of 144.
Here I am talking about the square, as simple as it could be.
Square as in geometry.
Remember it is a thread about geometrical applications.
It you see the Gann emblem we will see it talks about following degrees
60 deg, 90 deg, 120 deg, 360 deg.
Anybody who has even a vague idea about Astrology, will agree with me
that these are important angles in Astrology. However Gann was from
US, forget about his time, even today if you declare that market has got
some connection with the planets, people will ridicule you. We have some
fine examples here as well in this forum.
So Gann was spreading the message that Astrology works!
His 5 year, 10 year, 20 year, 60 year cycles were nothing but planetary cycles,
but he could not say that open.
He was also spreading the messege that GEOMETRY ALSO WORKS!
Remember Gann was a mason of highest order, and geometry was in the veins.
Posted below two charts from Nifty and Allahabad bank.
CAN THESE SQUARES COULD BE USED IN ANYWAY WITH REGARDS TO FINDING FUTURE PIVOTS.
Please watch it, observe it, stare it, spend some time on it.
rest of the information will be shared in the next posting.
Why not now!
Remember the left brain right brain situation.
The butterflies were made so that you can see the symmetry and the correlation.
That leftest most point was correlated with the rightest most point.
REQUEST::
You are requested to post your findings/observation,
does not matter even if it is wrong, all of us are
in same boat. The person whose answer is closest
to the solution will get a nice book from me once
my PM is activated. When I say nice, I mean a real
gem, something to collect and cherish and keep in
library.
Please also post the names of the stock of your choice so that I can
show examples from them in future. Only requirement is should have good volume
so that it cant be influenced by one individual's trade and should have lot
of swings, lot of tops and bottoms. Remember this thread is all about
finding future pivots.
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